Solana has kicked off 2025 with a bang, recording a monthly DEX volume dominance of 36% in just the first nine days of January—an all-time high for the blockchain.
As Solana continues to lead the DeFi market, traders and whales alike are making waves with high-stakes transactions.
In one dramatic trade, a user paid a hefty priority fee of 1,068 SOL (worth $208,600) to secure the first purchase of “ai deborah” tokens. The trader used 500 SOL ($97,000) to acquire 174 million tokens. However, just three minutes later, they sold their entire position, managing to recover only 40 SOL ($7,700). This rapid trade resulted in a staggering loss of 1,528 SOL, equivalent to $298,000, in mere minutes.
Meanwhile, a Solana whale transferred 80,000 SOL ($15.56 million) to Coinbase Prime five hours ago, marking the culmination of a profitable staking strategy. The whale had withdrawn 87,000 SOL ($12.81 million) from Coinbase Prime six months ago at a price of $147 per token, staking the tokens for three weeks before redemption.
Following SOL’s price appreciation to an average of $194, the whale moved their holdings to Binance and Coinbase Prime, realizing a $4.63 million profit (+36%) through both staking rewards and the token’s value growth.
Solana’s DeFi dominance and high-profile transactions underscore its growing influence in the crypto space. While some traders face losses in speculative moves, others, like this whale, showcase the potential of strategic staking and timing in maximizing profits.
Disclosure: This is not trading or investment advice. Always do your research before buying any cryptocurrency or investing in any services.
Follow us on Twitter @themerklehash to stay updated with the latest Crypto, NFT, AI, Cybersecurity, and Metaverse news!
Image Source: itchaznong/123RF // Image Effects by Colorcinch
The U.S. Securities and Exchange Commission has approved Bitwise’s spot Chainlink ETF, marking the first…
Rumble and Tether have officially launched the Rumble Wallet, a self-custodial crypto wallet integrated directly…
BNB Chain is preparing to activate its Fermi hard fork on January 14 at 2:30…
Ethereum closes 2025 having firmly established itself as the secure foundation for an expanding digital…
Solana ends 2025 as one of the few blockchain ecosystems where revenue, assets, and trading…
Morgan Stanley has taken a decisive step into the regulated crypto investment market, filing its…